Some traders out of NY are pushing it down but there are some buyers. They play both sides everyday. This has been mentioned very little, VMW has a partnership with GE for enormous amounts of structured data. This means with GE getting in the cloud business with their vast line of medical equipment via software technology that is in joint development with VMWare. In time this will be very substantial, they have little debt compared to cash, and some very good customers. When it turns around it will move quickly.
I am convinced the whole EMC thing is some kind of racket they've cooked to end up with 'losses' on their books. I saw this happen with another company before, I think it may have been Global Crossing, anyways it ended very badly. Not sure if this is as bad but it doesn't look very damned good.